“Babylon” concludes with Manny Torres reflecting on his experiences in Hollywood and the realization of his dream of being part of something bigger. Despite the tumultuous and often destructive nature of the industry, Manny smiles as he acknowledges his role in the grand scheme of the cinematic world. The film’s finale is a mix of nostalgia and critique, showcasing the end of an era for the characters as they navigate the transition from silent films to talkies, and their personal losses along the way